NIFTY 50 largely rose +1.8% (+429 pts) after a 5-day losing streak, closed at 24835 points, the best % gain in more than 1 month, also hit a record high, rose +1.2% (+304 pts) for the week, rose 8 weeks in a row.
Among the 150 largest-cap stocks, 133 (89%) closed higher. 69% of all NSE stocks ended higher, good for the market.
In terms of sectors, all sectors were up with gains from +0.3% to +3.5%. 5 sectors outperformed the market. The market was up +1.5%; Communication was up +3.5%, the best performer, reflecting an increasing risk appetite; Consumer Defensive was up +0.3%, but already the worst performer.
● General Insurance Corporation of India (GICRE) largely rebounded +10.3% (+$38.35), closed at $410.5, the best % gain in more than 5 months, rose +6.7% (+$25.65) for the week after a 2-week losing streak, crossed above MA20 and MA50 ($396.19, $381.12). The best performer today with a huge increase in volume.
360miq.com/stockinfo?code=GICRE.N
● Shriram Finance (SHRIRAMFIN) largely rebounded +9.2% (+$246) after a 3-day losing streak, closed at $2925, the best % gain in 13 months, rose +4.6% (+$129.06) for the week, rose 2 weeks in a row, crossed above MA20 ($2806.74).
360miq.com/stockinfo?code=SHRIRAMFIN.N
● Solar Industries India (SOLARINDS) largely rebounded +7.6% (+$772.15) after a 3-day losing streak, closed at $10966.8, rose +0.9% (+$97.55) for the week after a 2-week losing streak, crossed above MA50 ($10257.95).
360miq.com/stockinfo?code=SOLARINDS.N
● Mankind Pharma (MANKIND) largely retreated -4.1% (-$88.5), closed at $2055.9, the worst % loss in more than 2 months, also a 99-day low, fell -3.4% (-$73.1) for the week, fell 2 weeks in a row, crossed below MA20, MA50 and MA200 ($2124.02, $2135.81, $2084.68). The worst performer today with a huge increase in volume.
360miq.com/stockinfo?code=MANKIND.N
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